Pension consultant vs consultant

The differences between pension consultants and consultants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a pension consultant, becoming a consultant takes usually requires 2-4 years. Additionally, a consultant has an average salary of $78,912, which is higher than the $74,793 average annual salary of a pension consultant.

The top three skills for a pension consultant include calculation, plan administration and ERISA. The most important skills for a consultant are customer service, strong analytical, and project management.

Pension consultant vs consultant overview

	Pension Consultant	Consultant
Yearly salary	$74,793	$78,912
Hourly rate	$35.96	$37.94
Growth rate	7%	11%
Number of jobs	6,583	171,733
Job satisfaction	-	4
Most common degree	Bachelor's Degree, 83%	Bachelor's Degree, 64%
Average age	45	44
Years of experience	6	4

Pension consultant vs consultant salary

Pension consultants and consultants have different pay scales, as shown below.

	Pension Consultant	Consultant
Average salary	$74,793	$78,912
Salary range	Between $52,000 And $106,000	Between $58,000 And $107,000
Highest paying City	-	Washington, DC
Highest paying state	-	New Jersey
Best paying company	-	L.E.K. Consulting
Best paying industry	-	Technology

Differences between pension consultant and consultant education

There are a few differences between a pension consultant and a consultant in terms of educational background:

	Pension Consultant	Consultant
Most common degree	Bachelor's Degree, 83%	Bachelor's Degree, 64%
Most common major	Business	Business
Most common college	University of Pennsylvania	Northwestern University

Pension consultant vs consultant demographics

Here are the differences between pension consultants' and consultants' demographics:

	Pension Consultant	Consultant
Average age	45	44
Gender ratio	Male, 51.7% Female, 48.3%	Male, 58.4% Female, 41.6%
Race ratio	Black or African American, 10.5% Unknown, 3.7% Hispanic or Latino, 15.4% Asian, 7.9% White, 62.1% American Indian and Alaska Native, 0.4%	Black or African American, 7.8% Unknown, 4.5% Hispanic or Latino, 8.7% Asian, 13.8% White, 65.0% American Indian and Alaska Native, 0.2%
LGBT Percentage	9%	12%

Differences between pension consultant and consultant duties and responsibilities

Pension consultant example responsibilities.

Recruit to manage key client engagements to define global strategic sourcing projects and solutions to utilize technology and advance ERP systems.
Research and compile documents to assist senior legal counsel specific to ERISA litigation.
Fast learner, note for quickly developing strong knowledge of IRS rules for insurance industry.
Leverage sales skills to identify customer needs and create new opportunities to transfer assets to TIAA-CREF.
Pioneer the Spanish initiative, in taking the first calls in Spanish for TIAA-CREF along with a small team.
Review court orders and relate legal documents to ensure compliance with applicable IRC provisions, ERISA, and qualify plan requirements.

Consultant example responsibilities.

Lead IIS tuning to get the maximum through put.
Manage daily data operations and customer support for SaaS web application products in Linux.
Manage several contractors in the development and coding of DB2 interface programs, as well as modification of the package software.
Manage operational incidents and changes to consistently meet SLA compliance
Introduce Jenkins to help automate manual deployments to multiple environments.
Design and code windows service to automate NRA applications email distribution.

Pension consultant vs consultant skills

Common pension consultant skills

Calculation, 19%
Plan Administration, 14%
ERISA, 13%
Government Filings, 12%
Plan Provisions, 11%
Plan Design, 10%

Common consultant skills

Customer Service, 10%
Strong Analytical, 7%
Project Management, 6%
C++, 5%
C #, 5%
Java, 5%